Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report)'s stock price shot up 4.2% during mid-day trading on Friday . The company traded as high as $21.35 and last traded at $20.86. 1,357,824 shares were traded during trading, a decline of 39% from the average session volume of 2,239,679 shares. The stock had previously closed at $20.01.
Analysts Set New Price Targets
A number of equities analysts recently commented on AMTM shares. Royal Bank of Canada began coverage on Amentum in a report on Friday, January 10th. They set a "sector perform" rating and a $24.00 target price for the company. Truist Financial assumed coverage on Amentum in a research note on Monday, October 14th. They set a "buy" rating and a $31.00 price objective for the company. Finally, Raymond James initiated coverage on shares of Amentum in a research report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price target for the company.
Read Our Latest Analysis on AMTM
Amentum Trading Up 0.4 %
The stock's 50-day simple moving average is $22.07. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.02.
Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. As a group, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current year.
Institutional Investors Weigh In On Amentum
A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp purchased a new position in shares of Amentum in the third quarter valued at $236,306,000. Primecap Management Co. CA bought a new stake in Amentum during the 3rd quarter valued at about $169,999,000. Geode Capital Management LLC bought a new position in Amentum in the third quarter worth approximately $101,022,000. Ruane Cunniff & Goldfarb L.P. purchased a new position in shares of Amentum during the third quarter valued at $81,608,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Amentum in the 3rd quarter valued at about $78,399,000. 39.93% of the stock is owned by institutional investors.
About Amentum
(
Get Free Report)
Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.
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